By Modupe Gbadeyanka
It was a day of glory for Sterling Bank Plc at the annual Petroleum Technology Association of Nigeria (PETAN) Industry Achievement Awards held at the weekend in Lagos.
The bank was announced as the Best Financial Institution in the Oil & Gas sector as well as the Best Supporting Bank in SME.
Sterling Bank was rewarded for its huge contribution to the growth of the Nigerian oil & gas sector and also its unique role in the development of Small and Medium Enterprises (SME) in the country.
The conferment of the Best Financial Institution in the Oil & Gas Sector Award, according to the organisers, was in recognition of Sterling Bank’s contributions to the development of sector through the provision of appropriate finance to indigenous oil and gas companies in the country.
This, according to PETAN, is in line with the desire of the federal government to develop local content in the sector.
Also at the event, the Executive Director of bank, Mr Abubakar Suleiman, was awarded the Outstanding Achievement in Business and Finance Award.
“The conferment of the award is in recognition of our role in the development and growth in the oil and gas sector through the provision of required finance.
“We are particularly delighted to be so recognized by PETAN, an Association of Nigerian indigenous technical oilfield service companies in the upstream and downstream sector in the oil industry and fully recognized by the federal government to come up with the award,” Sterling Bank’s Group Head, Strategy & Communications, Mr Shina Atilola, said in a statement.
